Solve the problem.Find the amount in a savings account at the end of 5 years if the amount originally deposited is $4000 and the interest rate is 6% compounded quarterly.Use: A = Pntwhere:A = final amountP = $4000 (the initial deposit)r = 6% = 0.06 (the annual rate of interest)n = 4 (the number of times interest is compounded each year)t = 5 (the duration of the deposit in years)

A. $5387.42
B. $5926.16
C. $4309.14
D. $81,200.00


Answer: A

Mathematics

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B.

C.

D.

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